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11 June, 22:09

Charlie's Chocolates' had stock issuances of $52,000 and dividends of $21,000. The company has revenues of $85,000 and expenses of $65,000. Calculate its net income.

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  1. 11 June, 22:20
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    Answer: $20,000

    Explanation:

    Given that,

    Charlie's Chocolates' had

    Stock issuance = $52,000

    Dividends = $21,000

    Revenues = $85,000

    Expenses = $65,000

    Net income is calculated by subtracting expenses from revenues.

    Net income = Revenues - Expenses

    = $85,000 - $65,000

    = $20,000

    Charlie's Chocolates' net income is $20,000.
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